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The vision of the original Libra coin pegged to multiple fiat currencies has taken a
backseat.
Facebook led Libra coin will launch a usd pegged stable coin in early Jan 2021.
The original Libra coin was pegged to a basket of fiat currencies, which faced a
massive backlash from regulators.
After facing a lengthy backlash from the regulators worldwide, a pared down verson
of Facebooks Libra project will finally launch in January 2021
Libra coin will be pegged to us dollar, euro, British pound, Singapore dollar.
At the launch date it will be pegged 1 : 1 to usd.
It is hope to attract some of 2.9 billion users to the coin.
The Swiss Financial regulator has approved the launch.
